Correlation Between Ilyda SA and Logismos Information

Can any of the company-specific risk be diversified away by investing in both Ilyda SA and Logismos Information at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Ilyda SA and Logismos Information into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Ilyda SA and Logismos Information Systems, you can compare the effects of market volatilities on Ilyda SA and Logismos Information and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Ilyda SA with a short position of Logismos Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ilyda SA and Logismos Information.

Diversification Opportunities for Ilyda SA and Logismos Information

0.0

Correlation Coefficient

Ilyda SA  Logismos Information

Pay attention - limited upside

The 3 months correlation between Ilyda and Logismos is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ilyda SA and Logismos Information Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Logismos Information and Ilyda SA is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Ilyda SA are associated (or correlated) with Logismos Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Logismos Information has no effect on the direction of Ilyda SA i.e., Ilyda SA and Logismos Information go up and down completely randomly.

Pair Corralation between Ilyda SA and Logismos Information

If you would invest  158.00  in Logismos Information Systems on April 24, 2025 and sell it today you would earn a total of  9.00  from holding Logismos Information Systems or generate 5.7% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

Ilyda SA  vs.  Logismos Information Systems

Ilyda SA

Risk-Adjusted Performance

Solid

Over the last 90 days Ilyda SA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Ilyda SA is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Logismos Information

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Logismos Information Systems are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Logismos Information is not utilizing all of its potentials. The newest stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Ilyda SA and Logismos Information

The main advantage of trading using opposite Ilyda SA and Logismos Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ilyda SA position performs unexpectedly, Logismos Information can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Logismos Information will offset losses from the drop in Logismos Information's long position.

The idea behind Ilyda SA and Logismos Information Systems pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.